BoMill Q3 Report July – September 2023

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period July 1 – September 30, 2023. The Interim Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

Focus on commercial development – new orders and strategic partnerships

CEO Andreas Jeppsson comments:

“A new order on BoMill InSight™ and new partnerships with leading companies expanding our distribution network in strategic markets, is the result of our intense commercial activities and the success of our first BoMill InSight™ installations.”

Net sales and income for the second quarter (July – September 2023)             

• Net sales amounted to KSEK 0 (KSEK 88).
• Net income after financial items amounted to KSEK -5 298 (KSEK -5 169).
• Net income per net weighted average share amounted to SEK -0,06 (SEK -0,11).
• Cash flow during the third quarter amounted to KSEK -5 920 (KSEK -6 314).
• As of September 30, 2023, cash and cash equivalents in the Company amounted to KSEK 15 709 (KSEK 18 997).

Net sales and income for the first six months (January – September 2023)     

• Net sales amounted to KSEK 5 371 (KSEK 540).
• Net income after financial items amounted to KSEK -13 439 (KSEK -16 871).
• Net income per net weighted average share amounted to SEK -0,21 (SEK –0,58).
• Cash flow during the period amounted to KSEK 1 065 (KSEK 4 455).
• Orders received during the period amounted to approximately MSEK 4,2 (MSEK 2,8).

Highlights during the third quarter

• On August 3, BoMill confirmed the first installations of BoMill InSight™ are successful.
• On September 7, BoMill announced a distribution agreement with Nexeed Inc. for the Canadian market.
• On September 12, BoMill announced a distribution agreement with I.P. Global Tech & Machinery for the Mexican market.
• On September 13, BoMill signed agreement with Baltijos Javai worth EUR 270 000

Highlights after the end of the period

• On October 3, BoMill announced its forthcoming presence at Agritechnica
• On October 20, BoMill announced the Nomination Committee for the 2024 Annual General Meeting.

BoMill Q3 report can be found on BoMill’s website (www.bomill.com/investors/reports)